SoFi’s Crypto Transaction Revenue Rises 10% to $134 Million in Q2
SoFi, a US digital financial-services company spanning lending, deposits, investing and cryptocurrency trading, has used a broader product lineup to deepen customer engagement. Crypto remains a relatively small contributor compared with the company’s $1.2 billion in second-quarter adjusted net revenue, but the business offers a gauge of transaction activity and SoFi’s expansion beyond its core lending operations.
SoFi reported that cryptocurrency transaction revenue increased 10% from the first quarter to $134 million in the second quarter. The gain showed continued momentum in digital-asset trading even as the operation remained modest relative to companywide adjusted net revenue of $1.2 billion for the period. The sequential increase indicates that customer demand for crypto transactions continued to support SoFi’s financial-services revenue.
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The history behind this eventSoFi Crypto Business Generates $121 Million in Q1 Revenue
Digital bank SoFi has re-entered cryptocurrency trading as it seeks to broaden its financial-services footprint and expand non-interest revenue. While the crypto business can generate substantial trading revenue, the high cost of acquiring and trading the related assets means its actual profitability remains a key consideration for investors.
SoFi generated $121.6 million in transaction revenue from its crypto business in the first quarter of 2026, but related costs offset almost all of it. The company also recently launched SoFiUSD, a stablecoin for corporate payments, and partnered with Mastercard on settlement, extending its push into the corporate payments market.
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